German Utility VNG Pauses Arbitration Claim Against Gazprom
Despite winning arbitration claims after Gazprom failed to fulfill supply contracts in 2022, companies such as Uniper SE are struggling to extract compensation payments. That's partly because the Russian gas giant's international assets shrank following the nationalization of Gazprom Germania at the height of Europe's energy crisis.
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an hour ago
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🚨 Replacing Bundesliga rival: Kevin Trapp moves to a top league
Eintracht Frankfurt has parted ways with another player. The club announced this in a press release just now. Kevin Trapp is moving to Ligue 1 newcomer Paris FC. "Today, it's hard for me to find the right words. Because I have to pack two feelings into one: anticipation and sadness at the same time: I'm looking forward to a new chapter, but at the same time, I'm sad to have to say goodbye to Eintracht for good. I was, am and will remain an eagle", Trapp is quoted in the press release. According to 'Bild', Eintracht is said to have demanded "at most a low single-digit million sum" as a transfer fee. This is now said to be one million euros, reports Florian Plettenberg. Because Kaua Santos is expected to return to the SGE goal after his injury, Trapp is now looking for a new challenge. His contract is said to run until 2028, and he may even take on a role in the club afterwards. This seems to be an attractive prospect for the goalkeeper. His successor in Frankfurt is also said to be fixed. Because 'Sky' and 'SportBild' already reported on an agreement between Eintracht Frankfurt and Werder Bremen over the weekend. The transfer fee is said to be five million euros, with an additional 800,000 euros in bonuses possible. At SGE, Zetterer is signing a contract until 2029. This article was translated into English by Artificial Intelligence. You can read the original version in 🇩🇪 here. 📸 Alex Grimm - 2025 Getty Images
Yahoo
3 days ago
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O'Riley's price tag, Roma eye Sancho and Gosens: today's transfer news 🤑
The start of the championship is getting closer and all Serie A teams are pushing in the market to try to strengthen as much as possible. Not in Italy but still want to watch Atalanta-Juventus? Do it on OneFootball! Purchase the match (viewable only outside Italy) for 2.99 euros. Below, as usual, are the most important news for the top teams in our championship. Juventus, the price of O'Riley Despite the full availability shown by the midfielder towards Juventus, Brighton does not seem willing to offer discounts for Matt O'Riley. According to the Quotidiano Sportivo, the English club has set the price at no less than 30 million euros to let the Anglo-Danish player born in 2000 leave. A figure that the Bianconeri could only guarantee through a significant sale. Not in Italy but still want to watch Atalanta-Juventus? Do it on OneFootball! Purchase the match (viewable only outside Italy) for 2.99 euros. For this reason, the negotiation with Nottingham Forest for Douglas Luiz becomes even more relevant. The potential sale of the Brazilian would indeed allow Juventus to have the necessary resources to strike a deal for O'Riley. The club's strategy remains tied to a series of market maneuvers. Milan, Lazetic leaving. The formula Marko Lazetic is close to leaving Milan. As reported by Gianluca Di Marzio on X, the Serbian forward is expected in Scotland today to finalize the transfer to Aberdeen, where he will undergo medical examinations tomorrow. The 2004-born player will leave the Rossoneri on a free transfer, but the club on Via Aldo Rossi will retain a percentage on the player's future resale. Inter, stalemate in the sale of Palacios Inter continues to work on outgoing transfers, but the negotiation for Tomas Palacios' move to Basel has experienced a significant slowdown. The deal, which seemed close to conclusion, has stalled in recent hours. According to the dispute concerns the buyout price: the Nerazzurri are asking for 5-6 million euros, while the Swiss club aims to spend much less. The situation is at a standstill and other clubs are starting to consider stepping in for the former Monza defender. Napoli, Juanlu details Antonio Conte is close to welcoming a new reinforcement for his Napoli. It is Juanlu Sanchez, who is increasingly close to wearing the blue jersey. The negotiation, which has been ongoing for some time, seems to be entering the decisive phase with the Neapolitan club ready to speed things up. According to Gianluca Di Marzio, Monday could prove to be a decisive day for the final closure of the operation. Sevilla, which has now decided to sell the player, should receive about 17 million euros from the deal. Roma, waiting for Sancho's response Roma is waiting for Jadon Sancho: the English player has the Giallorossi's proposal on the table and the capital club is waiting to close the deal. As reported by Fabrizio Romano, Manchester United is ready to accept the offer that reaches 23 million euros between loan and purchase obligation. The Red Devils are pushing for the sale to free up the salary and raise funds. The Englishman must decide, and the agents are in contact with Roma. Lazio, Gila talks about Real Madrid Mario Gila, speaking to Radio Marca, commented on the rumors about Real Madrid: 'Being linked is pleasing, Raul at Castilla helped me grow as a man and player'. On his current situation with the Biancocelesti: 'We have quality and Pedro's experience. Without cups, we can prepare better, the goal is Europe and the Champions League would be a dream'. Finally, the derby and future: 'It's the most important match in Italy, winning would give confidence. Sarri has clear ideas, following him will bring great results. The national team call-up remains a unique emotion'. Fiorentina, the latest on Gosens According to Atalanta has made an offer of 12 million euros to bring Robin Gosens back to Bergamo, currently at Fiorentina. However, the Viola club has rejected the proposal, despite the Nerazzurri also relying on the player's connection with the city and some former teammates like De Roon. Fiorentina does not intend to open to the sale, not even in case of a higher bid from Atalanta. Only particularly high offers, perhaps from foreign clubs, could make the management reconsider, provided Gosens is willing to accept. At the moment, Pioli considers the winger an indispensable starter. This article was translated into English by Artificial Intelligence. You can read the original version in 🇮🇹 here. 📸 Gabriele Maltinti - 2025 Getty Images
Yahoo
5 days ago
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Here is how Russia's war in Ukraine has shaped global markets
LONDON (Reuters) -World markets are watching closely as U.S. President Donald Trump and Russia's Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire agreement in Ukraine. This was a conflict that sparked an energy shock, sent food prices soaring, battered European assets and cut Russia's economy off from much of the Western world. Details and the longevity of any agreement will be key. "The big issue will be, of course, that even if we get a ceasefire, how sustainable is that?," said Zurich Insurance Group's chief markets strategist Guy Miller. Here is how Europe's biggest conflict since World War Two has shaped markets. 1/ EUROPE HURT Europe's reliance on cheap Russian gas meant its economy and stock market were ill-equipped to handle surging energy prices, and Germany's economy, Europe's industrial powerhouse, stagnated. Stocks were broadly punished, with sectors reliant on low energy prices, such as industrials and chemicals, notably hit. European banks also took a drubbing but have since recovered as those exposed to Russia cut ties. It has not been all doom and gloom and the European STOXX 600 index is not far off March's record high. Aerospace and defence stocks have had a supercharged rally since February 2022, with gains ranging from over 600% for Leonardo to over 1,500% for Rheinmetall. "If the fighting stops in Ukraine, I'd expect defence stocks to come off a little bit but I think the fundamental reason why defence stocks have rallied is still there," said Toni Meadows, CIO at BRI Wealth Management. "If Putin is still there and Trump is still there, then the need for Europe to spend on defence is still there." 2/ HEATED The invasion triggered a surge in European energy prices. Brent crude rose as much as 30% to $139 a barrel, while natural gas prices soared nearly 300% to record highs. Crude subsided in the following months. But Dutch TTF futures, the regional benchmark for natural gas soared as Europe scrambled for an alternative to the Russian gas that fed over 40% of total demand. Europe has since become increasingly reliant on U.S. super-chilled liquefied natural gas. The European Union has committed to boosting its purchases of U.S. crude, gas and coal from around $75 billion in 2024 to $250 billion per year to 2027, under a new U.S. trade deal - a figure most experts say is unrealistic. Oil and gas prices are below 2022 peaks, but they are higher than five years ago, up 50% and 300%, respectively. 3/ GENIE OUT OF THE BOTTLE Following the COVID-19 pandemic, the war ensured the inflation genie was well out of its bottle as energy and food prices soared with agricultural exports from Russia and Ukraine - two leading grain exporters - disrupted. Central banks backtracked on the notion that an inflation spike was "transitory" and aggressive interest rate hikes followed. Since late 2022, inflation and rates have come down in big economies and focus shifted to U.S. tariffs. High food prices remain a concern, especially for developing economies. World food commodity prices rose in July to their highest in over two years, according to the United Nations' Food and Agriculture Organization. "If Ukraine could operate normally as an economy, that would help food prices around the world," said April LaRusse, head of investment specialists at Insight Investment. 4/ UKRAINE AND RUSSIA Ukraine's economy was battered by the war. The country was forced to restructure $20 billion of its government debt last year as it could no longer afford the repayments given the demands of the conflict. Its bonds then rallied on hopes that a re-elected Trump would broker a peace deal but plunged following increasingly ugly exchanges between Trump and Ukraine's Volodymyr Zelenskiy culminated in February's infamous Oval Office meeting. The bonds recovered some ground again this week. Russia's economy also contracted after the West introduced sweeping sanctions but soaring defence spending led to a rebound in 2023 and 2024. After jacking up rates to combat the subsequent inflation spike though, some Russian officials now warn of recession risks. Russia's rouble sank to a record low soon after the invasion, but rebounded to seven-year highs later in 2022 as imports dried up. It is up nearly 40% against the dollar this year. Russia and China meanwhile now do more of their trade in the yuan, which has overtaken the dollar as Russia's most traded foreign currency. 5/CURRENCIES UPENDED The war hit the euro, which fell almost 6% against the dollar in 2022 as the economic impact was felt. Analysts say any improving sentiment created by a ceasefire could help the euro, but note that other factors, such as monetary policy were also key. "The euro might benefit, but we wouldn't see this as a game changer for the currency," said Frederique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia. While safe-havens such as the dollar and Swiss franc benefited, the conflict shaped currencies in other ways. Analysts say the use of sanctions against Russia and a decision by the West to freeze some $300 billion of Russian states assets in 2022 has accelerated de-dollarisation, in short, efforts by countries to decrease reliance on the dollar. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
